15:50 D - VE 15:55 D - VE 16:00 D - increasing black volume 16:05 ND - FTT, outside bar, volume decreasing 16:10 ND - decreasing red volume 16:15 D - increasing red volume post-FTT. 14:30 D - ?? 14:35 ND - decreasing volume in a formation 14:40 ND - decreasing volume in a formation 14:45 ND - decreasing volume in a formation 14:50 D - increasing red volume and LF BO. 14:55 D - increasing red volume. 15:00 D - increasing red volume 15:05 ND - Inside bar, decreasing volume. 15:10 D - increasing black volume post-FTT. 15:15 ND - volume dip after change in dominance
I'm operating on the forest level. Here are my answers. I was very suprised at the range of answers. 1 dom - dom traverse 2 dom - dom traverse 3 dom - dom traverse 4 nondom - retrace 5 nondom - retrace 6 nondom - retrace ----------------------------- 7 dom - dom traverse 8 nondom - retrace 9 nondom - retrace 10 dom - new dom vol (red) 11 dom - dom traverse 12 dom - dom traverse 13 dom - dom traverse 14 nondom - retrace 15 nondom - retrace 16 nondom - retrace Thanks, TNG
Added remarks: 15:50 TBD, but initially Non Dom 15:55 Non Dom (SOC) 16:00 Non Dom (SOC) 16:05 Non Dom 16:10 Non Dom
I didn't annotate my chart the same way Spydertrader did, but I think I see the logic behind his annotations. My following analysis is based on his annotations: Bar 1 of 10/7/08: Dominant red. This bar represents the P1-2 dominant Tape of a forming down Traverse. It also shows Pace Acceleration, leading us to anticipate a non-dominant Lateral Retrace from Point 2 to Point 3. Bar 2: Non-dominant; starts the P2-3 Lateral Retrace. Bar 3: Non-dominant; continues the P2-3 Lateral Retrace but makes a higher high in the process, resulting in Spydertrader's atypical annotation of the Traverse's RTL and LTL. Bar 4: Non-dominant; Price begins moving in the dominant direction but closes in LM on DRV. The post-P3 dominant movement has not yet begun. Bar 5: Dominant; breaks out of LM on IRV, giving us a provisional P3 down Traverse which still must be confirmed by more IRV that doesn't come from Lateral BO or FBO. Bar 6: Dominant; confirms P3 down with more IRV that doesn't come from Lateral BO or FBO. Shows acceleration of the Gaussians slope. Bar 7: Dominant; OB on IRV which closes inside range of previous bar, giving us a Jokari Window Traverse-level change signal to up. (Before seeing Spydertrader's annotations, I had Bar 7 labeled as P2 down of a yet-to-be-completed down Traverse.) Bar 8: Non-dominant; Symmetrical Pennant. Bar 9: Dominant; IBV as BOs SP and RTL. P1-2 up is forming. (Before seeing Spydertrader's annotations, I had this bar as part of non-dominant P2-3 Tape of a forming P3 down Traverse.) Bar 10: Non-dominant; beginning of P2-3 retrace of forming P3 up Traverse. (Before seeing Spydertrader's annotations, I had the bar as part of non-dominant P2-3 retrace of a forming P3 down Traverse.) Looking at what happened after Bar 10, I don't see a Traverse-level change signal back to down. Also, my data provider shows decreasing Volume on Bar 7, invalidating that bar as a Traverse-level change signal to up. If Bar 6 shows Peak Volume rather than Pace Acceleration, then this would give me a Traverse-level change signal to up based on my data. But I still don't see a Point 3 up after Bar 7 that was confirmed by more IBV that didn't come from Lateral BO or FBO. Perhaps Spydertrader's annotations are not appropriate for an ES-only Traverse level trader?
I just read Spyder's follow-up post -- here are my answers for 10/6/08, 15:50-eod: 15:50 Dominant; BO of LM on IBV, also Pace Acceleration. 15:55 Non-dominant; price moves in dominant direction but on DBV; this is the non-dominant movement that we anticipated after seeing Pace Acceleration on the previous bar. Now we anticipate a return to dominant black before getting a Traverse-level signal of change. 16:00 Dominant; black dominance reasserts itself with IBV; however, it's an IBGS with a close inside the range of the previous bar. Therefore, it's a Traverse-level change signal to down. 16:05 Non-dominant, as the market begins the descending part of the R2R Gaussian shift on its way from P1-2 down. 16:10 Non-dominant; continuation of the descending part of the R2R Gaussian shift, and continuation of P1-2 down. 16:10 Dominant; IRV appears, beginning the ascending portion of the R2R Gaussian shift and continuing the P1-2 down Tape.
This lurkerâs Forest level view of the drill: 15:50 Dom Price movement towards LTL 15:55 Dom Price movement towards LTL 16:00 Dom Price movement towards LTL 16:05 Non-dom Price movement towards RTL 16:10 Non-dom Price movement towards RTL 16:15 Non-dom Price movement towards RTL 9:35 Dom Price movement towards LTL 9:40 Non-dom Lateral movement towards RTL 9:45 Non-dom Lateral movement towards RTL 9:50 Non-dom Lateral movement towards RTL 9:55 Dom Formation BO on IRV Price movement towards new (as yet undefined) LTL 10:00 Dom Price movement towards new LTL 10:05 Dom Price movement towards new LTL 10:10 Non-dom Price movement towards new (as yet undefined) RTL 10:15 Non-dom Price movement towards new RTL 10:20 Non-dom Price movement towards new RTL -river